Week Ahead – ECB, BoC, and BoJ Serve as Appetizers for US Election
With less than two weeks to go until the US election, markets are on red alert as opinion polls in key battleground states have tightened.…
Author: Admin
Ready for a Breakout? EUR/AUD
Next week the ECB meets, and economists feel they will likely keep stimulus “unchanged” while they wait for staff projections at the December meeting. Meanwhile,…
Dollar Softens Again as Global Stocks Regain Ground ahead of Weekend
Dollar is back under pressure today as global stock markets strengthen mildly before weekend. Though, overall markets are relatively mixed as we’re seeing some strengthen…
Final Debate Recap: Top Three Trading Takeaways from a More Civil Conversation
After the first debate, which we characterized as “chaotic, disorienting, and frankly depressing” in our recap article, expectations were exceptionally low heading into last night’s…
GBP/USD Trades Within Ascending Channel
During Friday morning hours, the GBP/USD exchange rate has reversed north from the weekly R1 at 1.3049. It is likely that some upside potential could…
Businesses should get ready for more volatility in the Chinese yuan, regulator says
Jason Lee | Reuters BEIJING — China’s foreign exchange regulator told businesses Friday to prepare for more volatility in the yuan. The Chinese currency, also…
Euro Prone to Downside as PMIs Awaited, Traders Shrug US Debate
It appears that the stock markets couldn’t care less about the last debate before US Presidential election. Major Asian indices are trading in right range…
USD/JPY Recovery Could Face Hurdles Near 105.00
Key Highlights USD/JPY traded as low as 104.24 before correcting higher. It is facing a strong resistance near 105.00 and 105.40. EUR/USD and GBP/USD corrected…
Stocks making the biggest moves after hours: Intel, Mattel, Gilead Sciences & more
A visitor at Intel’s Artificial Intelligence (AI) Day walks past a signboard during the event in Bangalore, India Manjunath Kiran | Getty Check out the…
Weekly jobless claims drop to nearly their lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic. Economists…
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